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Facebook owner Meta bought Instagram, WhatsApp instead of competing, FTC says at trial

By Jody Godoy WASHINGTON (Reuters) -Facebook parent Meta Platforms bought up nascent rivals Instagram and WhatsApp after its attempts to compete had failed, an attorney for the U.S. Federal Trade Commission said at the beginning of a high-stakes trial in Washington on Monday,

Just The News · 22h

Zuckerberg defends Facebook's acquisition of Instagram, Whatsapp, in first day of FTC trial

The trial centers on the FTC's allegations that Meta has illegally monopolized the social media market by purchasing up-and-coming apps instead of competing against them, which Zuckerberg denied.

Android Headlines on MSN · 1d

Lina Khan Says Facebook ‘Panicked’ — And That’s Why It Bought Instagram and WhatsApp

Summary: As the FTC vs Meta trial begins this week, former FTC chair, Lina Khan talked about the deals that saw Facebook acquire Instagram and WhatsApp.

What if Mark Zuckerberg Had Not Bought Instagram and WhatsApp?

Meta’s antitrust trial, in which the government contends the company killed competition by buying young rivals, hinges on ...

23h

Zuckerberg had a 'crazy idea' to boost Facebook's relevance: Make everyone start from scratch

Zuckerberg, the CEO and founder of Meta, testified that Facebook had greatly evolved since he launched the platform more than ...

The Hill3h

FTC grills Zuckerberg over emails from Instagram, WhatsApp acquisitions

After the acquisition, Zuckerberg expressed frustration with Facebook’s progress in an exchange with Sheryl Sandberg, Meta’s former chief operating officer. Sandberg is expected to testify later ...

PlanetF1 on MSN3d

Follow PlanetF1.com’s WhatsApp and Facebook channels for all the F1 breaking news!

PlanetF1.com has launched an official WhatsApp channel meaning you can keep up with all the breaking F1 news as it happens.

12d

WhatsApp users rejoice as Instagram, Facebook reels become directly accessible from app

We rely on WhatsApp for many tasks in our daily routine. Did you know that you can now also use WhatsApp for entertainment, ...

13d

WhatsApp introduces the blue circle, Meta AI button: where is it, how does it work and how to disable it?

After several months of delay, Meta AI finally arrives at WhatsApp in Europe. These are all the features this new AI offers ...

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